im wishing that it worked as well as the pc versions did but im wondering why someone dosent just extract the nintendo emu from there VC games? and make a way to complie it back into a homebrew app that also lets the user download the .v64 .n64 .z64 files stright to a wii usb or sd card?

Because it would be extremely difficult decompile. Also by the time Wii64 is finished it will be a significant improvement from the VC like the other emulators.